Statement of Obligation
The University of Kentucky’s official method of correspondence with students is via the UK assigned email address. I understand that I am responsible for regularly (not less than once per week) accessing my UK assigned email account and for taking any required action indicated in official university correspondence sent to this address.
Request and completion of registration constitutes a contractual financial obligation to pay tuition and fees for which I am liable. I am responsible for reading and understanding the current Drop/Refund policy of the University as it appears in the current Schedule of Classes. Permission to cancel enrollment does not constitute, nor shall it be construed as, a waiver by UK of my financial obligation. I understand that any financial assistance I receive will be applied against my billed charges to reduce my financial obligation.
I am responsible for all outstanding debts and contracts with the University. The University reserves the right to assess financial penalties (including collection costs) on any indebtedness. Any past-due accounts may be referred to an outside collection agency which could result in such collection fees. If my account is referred to an outside collection agency, I understand and agree to reimburse the University for the fees of any collection agency, which may be based on a percentage at a maximum of 33% of the debt, and all costs and expenses, including reasonable attorney’s fees, the University incurs in such collection efforts.
I authorize the University, its vendor partners, collection agencies and its respective agents and contractors to contact me regarding my loan request or my loan(s) and/or other accounts, including repayment of my loan(s) and/or other accounts, at the current or any future number that I provide for my cellular phone or other wireless device using automated telephone equipment or artificial or pre-recorded voice or text messages.
I understand that the University is required to report certain qualified tuition and expenses billed to me to the Internal Revenue Service (IRS) on an annual basis on a Form 1098-T. If the University is required to file a Form 1098-T for me, I will be required to provide my social security number (SSN) or other taxpayer identification number (TIN). I understand that failure to provide a SSN and TIN when required may result in a penalty imposed by the IRS and may affect my ability to claim certain federal education tax credits or deductions for qualified tuition and expenses. I understand that the Form 1098-T is provided online through myUK each calendar year.